City government · Benton County, AR

Siloam Springs's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2023), Siloam Springs took in $77.0 million and spent $72.7 million.

Latest recorded year: ended December 31, 2023Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Fees for services (electric power, water)63%City taxes21%County and local tax money7.2%Federal tax money4.1%State tax money2.2%Fines and other2.0%

What stands out

16%

of Siloam Springs' money comes from sales tax.Most U.S. cities of 10,000 to 50,000 people get none.

City taxes21%

Sales tax
16%$12.6 million
Property tax
2.8%$2.2 million
Other taxes
1.8%$1.4 million
What's in other taxesOther licenses; public utility taxes and 4 more
  • Other licenses$714 thousand
  • Public utility taxes$410 thousand
  • Other selective sales taxes$156 thousand
  • Alcoholic beverage taxes$38 thousand
  • Alcoholic beverage licenses$29 thousand
  • Occupation and business licenses$3 thousand

Amounts are by Census tax category.

Fees for services63%

Fees for services
63%$48.9 million
What's in fees for servicesElectric power; water and 6 more
  • Electric power$31.6 million
  • Water$5.2 million
  • Sewer$4.7 million
  • Garbage collection$4.0 million
  • Other service charges$1.9 million
  • Airport$1.1 million
  • Parks and recreation$172 thousand
  • Other government-run businesses$95 thousand

Amounts are by Census type of charge.

Federal tax money4.1%

Grants from Washington, paid for by the federal taxes residents also pay.

From the federal government
4.1%$3.2 million

State tax money2.2%

Money the state passes on, paid for by the state taxes residents also pay.

From the state
2.2%$1.7 million

County and local tax money7.2%

Money passed on by the county or other local governments.

From the county and other local governments
7.2%$5.5 million

Fines and other2.0%

Interest, rents and other
1.4%$1.1 million
Fines
0.6%$484 thousand

Where it goes

Water, sewer, trash and utilities60%Police, fire, courts and jails21%Roads, transit and parking8.1%Running the government and other costs6.7%Parks, recreation and libraries3.6%Interest on debt0.7%

What stands out

60%

of Siloam Springs' spending goes to water, sewer, trash and other utilities.A typical U.S. city of 10,000 to 50,000 people spends 24%.

Spending by category100%

Water, sewer, trash and utilities
60%$43.6 million
What's in water, sewer, trash and utilitiesElectric power; water supply and 2 more
  • Electric power$26.8 million
  • Water supply$10.7 million
  • Garbage and solid waste$3.7 million
  • Sewer systems$2.4 million
Police, fire, courts and jails
21%$15.2 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$6.8 million
  • Fire protection$6.0 million
  • Inspections and regulation$2.0 million
  • Courts and legal services$376 thousand
Roads, transit and parking
8.1%$5.9 million
What's in roads, transit and parkingRoads and highways and airports
  • Roads and highways$4.4 million
  • Airports$1.5 million
Running the government and other costs
6.7%$4.9 million
What's in running the government and other costsFinance, tax collection and budgeting; central staff services (personnel, purchasing, technology) and 1 more
  • Finance, tax collection and budgeting$2.3 million
  • Central staff services (personnel, purchasing, technology)$2.2 million
  • Other and not broken out$371 thousand
Parks, recreation and libraries
3.6%$2.6 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$2.0 million
  • Libraries$649 thousand
Interest on debt
0.7%$534 thousand
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$497 thousand
  • Interest on general debt$37 thousand
Sources and moreWhere these numbers come from and what they cover

City of Siloam Springs. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended December 31, 2023. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself.

What this covers. The money of City of Siloam Springs itself. Other governments that serve the same area (the city, county, school district and state) are separate and not included. Borrowing, transfers between a government's own funds, and pension trust funds are not counted as revenue.